Last close: 17513.65 (+1.7%)
On Wednesday, NiftyFuture was opened gap up 17340 then went to 17527.45
Almost 3-4 hours NF was sustained 17460-17500
On last 6 days, NF was moved violently like moved 250 points daily
On last 6 days, NF was moved 17000 to 17500 to 16950 to 17520
RBI holds the policy
Positive local cues and global cues lift the markets
FIIs reduced significantly selling on yesterday
All indices ended in green mark
Psubank, Privatebank, FMCG, Auto, Metal, Oil&Gas, Pharma went to 1% to 2%
IT index climbed 2%
Japan downgrades Q3 GDP
US 10 year bond yield rose on Wednesday to settled 1.50%
Crude ended higher on wednesday at $75.82
FIIs net sold 579 crore while DIIs net bought 1735 crore
US markets ended almost flat on Wednesday
Asian markets were set to mixed on Thursday
SGXNifty indicates a positive opening for the index
Likely to witness highly volatile will be expected during the day due to weekly expiry
NiftyFuture is facing a intraday resistance 17550 and 17600
Previous strong support 17600 now facing a resistance
On other side, NF can be considered as supports as 17480, 17440 and 17400
Below 17400….. Expecting bears domination!!
More live market update will be sent to my clients only
Updated: 08.38 am / 09th Dec 2021
